Hanmi Financial Corporation (NASDAQ: HAFC) Sees Optimistic Price Target from Piper Sandler

• Piper Sandler sets a price target of $25.50 for NASDAQ:HAFC, indicating a potential upside of 18.27%.
• The company's stock reached its highest price over the past year at $21.64, with a market capitalization of approximately $652.6 million.
• Today's trading volume for HAFC on the NASDAQ exchange is 292,581 shares, reflecting growing investor interest.

Hanmi Financial Corporation (NASDAQ: HAFC) is a financial services company that provides banking and financial solutions. It operates primarily in the United States, focusing on serving small to medium-sized businesses. The company competes with other financial institutions in the banking sector, striving to offer competitive services and products.

On October 23, 2024, Matthew Clark from Piper Sandler set a price target of $25.50 for HAFC. At that time, the stock was priced at $21.56, suggesting a potential upside of 18.27%. This optimistic outlook comes after the company's Q3 2024 earnings call, which took place on October 22, 2024.

During the earnings call, key figures such as Bonnie Lee, the President and CEO, and Ron Santarosa, the CFO, discussed the company's financial performance and strategic plans. Analysts like Kelly Motta from KBW and Adam Butler from Piper Sandler participated, providing insights into HAFC's future prospects.

The stock price of HAFC has seen a 7.10% increase, with a change of $1.43, reaching a high of $21.64 today. This marks its highest price over the past year, with the lowest being $13.87. The company's market capitalization stands at approximately $652.6 million, reflecting its position in the financial market.

Today's trading volume for HAFC is 292,581 shares on the NASDAQ exchange. This activity indicates investor interest and confidence in the company's potential growth, as highlighted by the recent price target set by Piper Sandler.